BPT 2.76% $1.49 beach energy limited

Ann: Business Update, page-189

  1. 506 Posts.
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    First i am very positive BPT great management and operations , good prospects even with low oil price as they are predominantly in gas and have good contracts and cash in the bank.
    From my perspective though , i am no expert but looking at the scenario at hand there is no great demand for oil now and none for several months ahead either, so the possibillity of a recovery short or medium term is not good, imo...., the Saudies just sent a bunch of tankers to the US , that will not help either so i think the price will simply bounce arround on the bottom for a while untill the virus gets sorted.
    Either way Beach at some time will rise with the economy of the world so no stress if you get stuck with a few.
 
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